It seems like a very long time since U.S. wheat, particularly hard red winter (HRW), was competitive in world markets, and there are many reasons why. However, that may be starting to change.It seems like a very long time since U.S. wheat, particularly hard red winter (HRW), was competitive in world markets. There are many reasons why, including:

Four consecutive record world wheat crops, including among the world’s major wheat-exporting countries:

Record Australian crop in 2016 Second-largest Canadian wheat crop in 2016, and only a few years removed from its biggest ever Record EU production three years ago Record U.S. winter wheat yields in 2016 Record Black sea production and likely new record Russian production this year Ar...